AQUAPROEF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AQUAPROEF
Largest movements
- Cash +€30,682
up €30,682 (+183%), from €16,748 to €47,430
mainly Net result for the year (+€17,260) and Receivables within one year (+€15,507)
- Receivables within one year -€15,507
down €15,507 (-44.0%), from €35,208 to €19,701
of which Other amounts receivable: -€26,769
- Tangible fixed assets +€2,473
new in 2025: €2,473
- Deferred charges and accrued income +€956
up €956 (+36.9%), from €2,590 to €3,546
- Reserves +€10,060
up €10,060 (+45.1%), from €22,311 to €32,371
- Trade debts +€5,965
up €5,965 (+114%), from €5,222 to €11,188
- Tax, wage and social debts +€3,061
up €3,061 (+53.2%), from €5,753 to €8,814
of which Taxes: +€3,061
- Current portion of long-term debt -€1,062
down €1,062 (-100%), from €1,062 to €0
- Gross operating margin +€4,364
up €4,364 (+22.4%), from €19,463 to €23,826
- Taxes +€1,140
up €1,140 (+28.7%), from €3,975 to €5,114
- Financial charges -€538
down €538 (-79.6%), from €676 to €138
- Financial income -€473
down €473 (-83.2%), from €569 to €95
- Depreciation +€301
up €301, from €0 to €301
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,546 | €73,150 | +€18,605 | +34.1% |
| Fixed assets | 21/28 | - | €2,473 | +€2,473 | |
| Tangible fixed assets | 22/27 | - | €2,473 | +€2,473 | |
| Furniture and vehicles | 24 | - | €2,473 | +€2,473 | |
| Current assets | 29/58 | €54,546 | €70,677 | +€16,132 | +29.6% |
| Amounts receivable within one year | 40/41 | €35,208 | €19,701 | -€15,507 | -44.0% |
| Trade receivables | 40 | €8,028 | €19,290 | +€11,262 | +140% |
| Other amounts receivable | 41 | €27,180 | €411 | -€26,769 | -98.5% |
| Cash at bank and in hand | 54/58 | €16,748 | €47,430 | +€30,682 | +183% |
| Deferred charges and accrued income | 490/1 | €2,590 | €3,546 | +€956 | +36.9% |
| Total equity and liabilities | 10/49 | €54,546 | €73,150 | +€18,605 | +34.1% |
| Equity | 10/15 | €40,911 | €50,971 | +€10,060 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,311 | €32,371 | +€10,060 | +45.1% |
| Distributable reserves | 133 | €22,311 | €32,371 | +€10,060 | +45.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,635 | €22,180 | +€8,545 | +62.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,635 | €22,180 | +€8,545 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €1,062 | €0 | -€1,062 | -100% |
| Trade debts | 44 | €5,222 | €11,188 | +€5,965 | +114% |
| Suppliers | 440/4 | €5,222 | €11,188 | +€5,965 | +114% |
| Taxes, remuneration and social security | 45 | €5,753 | €8,814 | +€3,061 | +53.2% |
| Taxes | 450/3 | €5,753 | €8,814 | +€3,061 | +53.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,598 | €2,178 | +€580 | +36.3% |
| Remuneration, social security and pensions | 62 | €0 | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €301 | +€301 | |
| Other operating charges | 640/8 | €714 | €860 | +€147 | +20.5% |
| Gross operating margin | 9900 | €19,463 | €23,826 | +€4,364 | +22.4% |
| Operating profit (loss) | 9901 | €18,749 | €22,417 | +€3,668 | +19.6% |
| Financial income | 75/76B | €569 | €95 | -€473 | -83.2% |
| Recurring financial income | 75 | €569 | €95 | -€473 | -83.2% |
| Financial charges | 65/66B | €676 | €138 | -€538 | -79.6% |
| Recurring financial charges | 65 | €676 | €138 | -€538 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €18,642 | €22,374 | +€3,732 | +20.0% |
| Income taxes | 67/77 | €3,975 | €5,114 | +€1,140 | +28.7% |
| Profit (loss) for the period | 9904 | €14,667 | €17,260 | +€2,593 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,667 | €17,260 | +€2,593 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.